Here you will find all the articles with the tag: cost-cutting.
Last week, Amsterdam-based tech company Bird laid off 90 employees within the space of just seven minutes. By using AI, the remaining 80 percent of the workforce would still be able to get things done just as efficiently as before. Major layoffs have become commonplace within the tech industry over... Read more
1 month ago
Google's ambitious plans for an 80-acre Downtown West campus in San Jose, California, are in jeopardy due to the company's recent downsizing efforts. The tech giant's plans for the 'mega-campus' was approved in June 2021. The development costs were expected to be an estimated $19 billion. The inves... Read more
1 year ago
Curious eyes have shifted their focus toward Intel amid the numerous cancellations and withdrawals the company announced in the past month. Among these were the tech giant’s Thunder Bay Hybrid SoC, GPU SKUs intended for data centers, and the Rialto Bridge and Lancaster Sound GPU lines. We reac... Read more
1 year ago
Huawei's CEO reportedly sees tough economic times as a threat to the company. A focus on survival is said to be necessary. Chinese websites Yucai and 163 claim that Huawei CEO Ren Zhengfei warned employees of economic risks in an internal memo. Zhengfei reportedly referred to economic circumsta... Read more
2 years ago
Apple's stock slipped by 2 percent after Bloomberg published a report indicating the tech giant plans to scale down its operations next year – including slowing hiring and cutting spending. Insider sources told Bloomberg that the cuts will only affect certain business units, whereas other dep... Read more
2 years ago
